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TDK Corp (6762.T)

6762.T on Tokyo Stock Exchange

6,580JPY
8:14pm EDT
Change (% chg)

¥-160 (-2.37%)
Prev Close
¥6,740
Open
¥6,650
Day's High
¥6,660
Day's Low
¥6,580
Volume
220,900
Avg. Vol
1,300,512
52-wk High
¥9,110
52-wk Low
¥5,170

Latest Key Developments (Source: Significant Developments)

Micronas Semiconductor Holding to call EGM to resolve on merger
Friday, 9 Sep 2016 12:15pm EDT 

Micronas Semiconductor Holding AG : Board of directors of Micronas has resolved today to call an extraordinary shareholders' meeting in order to resolve on merger of company into Swiss subsidiary of TDK Corporation <6762.T> .Meeting is expected to be held on October 20, 2016 in order to resolve on merger.  Full Article

TDK Corp to open a lithium-ion battery factory in Japan - Nikkei
Thursday, 8 Sep 2016 01:45pm EDT 

Nikkei: TDK Corp will open a Lithium-Ion battery factory in Japan, manufacturing products tailored for robots and medical equipment - Nikkei . TDK Corp aims to reach yearly sales of 10 billion Yen ($98.4 million) for batteries in the high-growth areas by fiscal 2024 -Nikkei . TDK Corp aims to enter the automobile battery sector in the future, making development of such technologies helpful in the longrun -Nikkei .TDK Corp's domestic factory's location and scale of have yet to be determined, but the Company aims to begin operations in fiscal 2019 -Nikkei.  Full Article

TDK's subsidiary EPCOS to acquire Tronics for 13.20 euro per share
Monday, 1 Aug 2016 05:11am EDT 

Tronics Microsystems SA : Tdk's subsidiary EPCOS will launch an all-cash public tender offer for all publicly-held shares of Tronics for a price of 13.20 euro ($14.74) per share . Offer price per share of Tronics represents a 78.4 pct premium to closing share price as of July 7, 2016 . Offer will be conditional upon reaching a 66.67 pct success threshold .Thales Avionics has informed EPCOS that it wishes to remain a strategic shareholder of Tronics.  Full Article

Hutchinson Technology says U.S. DOJ has opened an investigation relating to sale of suspension assemblies
Wednesday, 27 Jul 2016 07:00pm EDT 

Hutchinson Technology Inc : Says received a letter on july 26, 2016 from antitrust division of U.S. Department of justice . U.S. DOJ opened an investigation relating to sale of suspension assemblies for use in hard disk drives . Hutchinson technology provides update on legal and regulatory actions . HTI intends to fully cooperate with DOJ's investigation. . HTI is engaging in contingency planning for potential of continued delays or impediments to pending merger. . Says FTC has not indicated when its review may be completed . Merger agreement may be terminated by HTI or TDK if merger has not been consummated on or before november 1, 2016. .Says DOJ's letter stated that neither HTI nor any HTI employee is currently a subject of DOJ investigation.  Full Article

TDK expected to book 130 bln yen profit from spinning off assets to wireless communications partnership with Qualcomm - Nikkei
Friday, 17 Jun 2016 01:11pm EDT 

: TDK expected to book a 130 bln yen ($1.24 Bln) profit from spinning off assets to a wireless communications partnership with Qualcomm this FY - Nikkei .Resulting boost from spin-off could lift TDK'S group operating profit to around 200 billion yen for the year ending in March 2017 - Nikkei.  Full Article

TDK says reorganization of three passive components units
Friday, 17 Jun 2016 02:12am EDT 

TDK Corp <6762.T> : Says its unit TDK-EPC plans to set up a wholly owned unit in Akita . Says TDK-EPC's three passive components units to be merged by the newly established unit .Merger effective on April 29, 2017.  Full Article

TDK appoints chairman and president
Thursday, 28 Apr 2016 02:00am EDT 

TDK CORP:Appoints current president Takehiro Kamigama as chairman.Appoints Shigenao Ishiguro as president.Effective June 29.  Full Article

TDK announces result of supplementary period of takeover bid
Monday, 7 Mar 2016 01:10am EST 

TDK CORP:Acquired 26,153,857 shares (90.48 pct stake) of Micronas Semiconductor Holding AG after the supplementary period of takeover bid.Acquired 23,867,354 shares of Micronas Semiconductor Holding AG before the supplementary period of takeover bid.Plan was disclosed on Dec. 17, 2015.  Full Article

TDK announces result for takeover bid offering for shares of Micronas Semiconductor Holding AG through SPC
Tuesday, 16 Feb 2016 01:10am EST 

TDK CORP:Announces tender offer result that acquires shares of Micronas Semiconductor Holding AG. through SPC TDK Magnetic Field Sensor G.K., from Jan. 12 to Feb. 10.Says TDK Magnetic Field Sensor G.K. holds 23,867,354 shares (82.57 pct stake) of Micronas Semiconductor Holding AG, up from 0 pct.Says to acquire additional shares with same offering price from Feb. 17 to March 1, with settlement date March 8.  Full Article

Micronas Semiconductor Holding: TDK releases preliminary interim result of public offer for Micronas
Wednesday, 10 Feb 2016 07:00pm EST 

Micronas Semiconductor Holding AG:TDK Magnetic Field Sensor G.K. holds 86.04 pct of shares after the end of offer period‍​.  Full Article

Nikkei falls on strong yen, selling in Apple suppliers

TOKYO, Sept 26 Japan's Nikkei fell on Monday, with a strong yen souring overall sentiment and Apple Inc's suppliers underperforming on worries about weak overseas iPhone sales, while some investors turned their focus to the U.S. presidential debate.